Tag: High

Bitcoin Rallies to 2-Month High; What’s Next?

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ETH Moves to 2-Month High Above $1,900  – Market Updates Bitcoin News

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Ethereum surged to a two-month high above $1,900 on Thursday, as the token continued to rally following yesterday’s U.S. inflation report. Inflation in the United States was at 8.5% in July, giving traders some optimism on a potential gradual recovery. Bitcoin was also in the green, as prices moved closer to $25,000. Bitcoin Bitcoin (BTC) was up for a second straight session on Thursday, as prices continued to react to the latest inflation report. Following a low of $23,031.88 on Wednesday, BTC/USD surged to an intraday peak of $24,669.13 earlier…

Bitcoin price sees $24K, Ethereum hits 2-month high as US inflation shrinks

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Bitcoin (BTC) regained $24,000 but failed to hit new multi-month highs on Aug. 10 as United States inflation appeared to be slowing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI cuts risk assets much-needed slack Data from Cointelegraph Markets Pro and TradingView confirmed hourly gains of around $1,000 after U.S. Consumer Price Index (CPI) data for July showed a slowdown versus the previous month. While managing $24,179 on Bitstamp, BTC/USD nonetheless did not attract enough momentum to challenge levels from the day prior. Nonetheless, relief among traders was palpable, as declining…

Federal Reserve Governor Supports More 75bps Rate Hikes Citing ‘Significant Risk of High Inflation Into Next Year’ – Economics Bitcoin News

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Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of high inflation into next year for necessities including food, housing, fuel, and vehicles.” The Fed governor also noted that crypto assets “could benefit from more regulatory clarity.” Fed’s Bowman on Rate Hikes, Inflation, Crypto Regulation Federal Reserve Governor Michelle W. Bowman discussed the U.S. economy and the Fed’s efforts to fight inflation in a speech Saturday at the 2022 CEO…

ETH Hits 2-Month High Above $1,800 – Market Updates Bitcoin News

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Ethereum surged to a two-month high on Monday, as crypto prices have mostly moved higher following Friday’s nonfarm payrolls report. Bitcoin rose to a one-week high, as the token climbed above $24,000 to start the week. Overall, the global market cap is trading 4.11% higher as of writing. Bitcoin Bitcoin (BTC) was up for a second successive session to start the week, with prices moving closer to a key resistance level. Following a low of $23,024.80 on Sunday, BTC/USD rallied to an intraday peak of $24,153.34 earlier in today’s session.…

AVAX Nears 2-Month High, FIL up 15% Despite Weekend Volatility – Market Updates Bitcoin News

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Avalanche was trading close to a two-month high on Saturday, despite markets mostly consolidating. Another exception was filecoin, which surged to start the weekend, climbing by over 10% in today’s session. As of writing, crypto markets are trading 1.03% higher. Avalanche (AVAX) Avalanche (AVAX) was one of Saturday’s notable gainers, as prices moved close to a two-month high. Following a low of $23.98 on Friday, AVAX/USD surged to a high of $25.91 to start the weekend’s session. This move sees the token move closer to its long-term ceiling of $26.00,…

THETA Hits 3-Month High, While Near Climbs 17% on Friday – Market Updates Bitcoin News

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Theta network was trading at its highest point in three months on Friday, as prices broke out of a key resistance level. Today’s move comes as crypto markets were mostly higher in the session, climbing 2.86% as of writing. Near protocol rose by 17%, also recording multi-month highs. Theta Network (THETA) Theta network (THETA) was one of Friday’s notable gainers, as prices rose by nearly 16% in today’s session. Friday’s surge saw the token hit an intraday high of $1.65, which comes less than 24 hours after trading at a…

BNB Hits 2-Month High, ETC Extends Recent Declines – Market Updates Bitcoin News

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After extending recent gains, bnb rose to its highest point in two months during today’s trading session. The move comes following tweets from Binance CEO Changpeng Zhao, confirming a new partnership with Swiss watchmaker Franck Muller. Ethereum classic, on the other hand, was lower for a second straight session. Binance Coin (BNB) BNB, the native token of the Binance ecosystem, was one of today’s biggest movers, as it rose to its highest level in two months. The move came following the announcement of a new partnership with Swiss luxury watchmaker…

MicroStrategy stock MSTR hits 3-month high after CEO’s exit

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MicroStrategy (MSTR) stock opened higher on Aug. 3 as investors digested the news of its CEO Michael Saylor’s exit after a depressive quarterly earnings report. Microstrategy stock up 142% since May lows  On the daily chart, MSTR’s price surged by nearly 14.5% to $324.55 per share, the highest level since May 6. The stock’s intraday gains came as a part of a broader recovery that started on May 12 at $134. Since then, MSTR has grown by 142% versus Nasdaq’s 26.81% gains in the same period. MSTR daily price chart.…